Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Israel - 2024
Contents:
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Israel (CIF) - 2022
- Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Israel (FOB) - 2022
- Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Israel
- Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Israel
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Israel (CIF) - 2022
The average import price for refrigerating or freezing equipment; parts thereof, other than furniture stood at $64 per unit in 2022, increasing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($67 per unit) and Germany ($67 per unit), while the price for Sweden ($63 per unit) and the Netherlands ($63 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Israel (FOB) - 2022
In 2022, the average export price for refrigerating or freezing equipment; parts thereof, other than furniture amounted to $54 per unit, which is down by -20.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 58% against the previous year. The export price peaked at $68 per unit in 2021, and then fell notably in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Spain ($54 per unit) and Germany ($54 per unit), while the average price for exports to France ($54 per unit) and the United States ($54 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Israel
In 2022, imports of refrigerating or freezing equipment; parts thereof, other than furniture into Israel shrank to 446K units, reducing by -6.2% compared with the year before. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 50%. As a result, imports reached the peak of 476K units, and then contracted in the following year.
In value terms, imports of refrigerating or freezing equipment; parts thereof, other than furniture rose markedly to $29M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 4.3 | 8.1 | 7.0 | 11.9% |
| Turkey | 2.7 | 3.7 | 6.2 | 6.8 | 36.1% |
| Italy | 3.5 | 2.8 | 4.7 | 4.8 | 11.1% |
| Germany | 0.4 | 0.8 | 0.6 | 1.5 | 55.4% |
| France | 1.1 | 0.7 | 1.3 | 1.4 | 8.4% |
| United States | 1.0 | 0.7 | 1.3 | 1.3 | 9.1% |
| Czech Republic | 0.2 | 0.6 | 0.2 | 0.9 | 65.1% |
| South Korea | 0.4 | 0.2 | 1.1 | 0.8 | 26.0% |
| Netherlands | 0.6 | 1.0 | 0.1 | 0.7 | 5.3% |
| Belgium | 0.1 | N/A | 0.1 | 0.6 | 81.7% |
| Sweden | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Hong Kong SAR | 1.5 | 0.2 | 0.2 | 0.3 | -41.5% |
| Thailand | 0.3 | 0.2 | 0.7 | 0.2 | -12.6% |
| Others | 1.8 | 1.6 | 1.9 | 2.2 | 6.9% |
| Total | 18.9 | 16.9 | 26.8 | 28.7 | 14.9% |
Top Suppliers of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture to Israel in 2022:
- China (109.6K units)
- Turkey (102.3K units)
- Italy (73.6K units)
- Germany (22.9K units)
- France (21.6K units)
- United States (21.4K units)
- Czech Republic (13.6K units)
- South Korea (11.4K units)
- Netherlands (10.5K units)
- Belgium (9.6K units)
- Sweden (6.9K units)
- Hong Kong SAR (4.3K units)
- Thailand (3.3K units)
Exports of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Israel
In 2022, exports of refrigerating or freezing equipment; parts thereof, other than furniture from Israel skyrocketed to 191K units, picking up by 24% on 2021. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 114% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of refrigerating or freezing equipment; parts thereof, other than furniture contracted to $10M in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 161%. As a result, the exports attained the peak of $11M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.1 | 9.4 | 8.1 | 9.5 | 65.4% |
| United States | 0.1 | 0.3 | 0.1 | 0.2 | 26.0% |
| Germany | 0.7 | 0.1 | 0.5 | 0.1 | -47.7% |
| China | N/A | 0.7 | N/A | 0.1 | -62.2% |
| Spain | 0.9 | N/A | 0.3 | N/A | -42.3% |
| Others | 0.4 | 0.5 | 1.4 | 0.4 | 0.0% |
| Total | 4.2 | 11.0 | 10.5 | 10.3 | 34.9% |
Top Export Markets for Refrigerating or Freezing Equipment; Parts Thereof, Other than Furniture from Israel in 2022:
- France (175.8K units)
- United States (4.1K units)
- Germany (1.7K units)
- China (1.6K units)
- Spain (0.7K units)
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